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settlor | Wex | US Law | LII / Legal Information Institute
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settlor
The settlor is the party that creates a trust, usually the donor. The settlor transfers legal title in some asset to the trustee. The settlor then provides in the trust instrument how that trust property is to be used for the beneficiaries. In the case of the inter vivos trust, the settlor can also be the beneficiary. Additionally, the settlor can be the trustee in the case of the self-declared trust.
[Last reviewed in August of 2024 by the Wex Definitions Team]
Wex
- PROPERTY
- property & real estate law
- trusts
- inheritances & estates
- wex definitions
- property law